Zebec Network (ZBCN) has shown an impressive growth of over 130% in the last week, receiving support from Uphold and hinting at a potential partnership with Ripple.
Overview of ZBCN Growth
ZBCN's price has risen over 20% in the last 24 hours, reaching $0.0057. This growth began on May 21 when ZBCN decisively broke above the $0.0022 resistance level. After a brief pullback on May 27, when traders locked in profits, the price quickly recovered to a peak of $0.0059.
Uphold Support and Collaboration Ideas with Ripple
The recent ZBCN rally may be tied to the developments discussed during a May 21 X space co-hosted by Zebec Network and Uphold. Uphold’s Head of Research, Dr. Martin Hiesboeck, confirmed that Uphold holds over $35 million in ZBCN and plans an airdrop campaign for users. Additionally, discussions suggested potential connections with Ripple that might have sparked the recent growth.
Prospects and Potential Risks for ZBCN
While the current growth is impressive, analysts note that it may soon exhaust itself. The RSI is currently at 77, indicating overbought conditions, while trading volume has significantly subsided. This suggests that a period of consolidation or pullback may be likely in the near future.
The growth of Zebec Network (ZBCN) highlights interest in the project due to support from the major platform Uphold and potential ties with Ripple. However, the market may be anticipating a short-term correction.
